27 Apr '11, 10pm

China’s Leading Search Engine Baidu.com Report’s: Earingins Up 88%, Profit up 125% & $1.3 Billion in The Bank:

China’s Leading Search Engine Baidu.com: Earnings Up 88%, Profit up 125% & $1.3 Billion in The Bank 2011 April 27 by MHB After the market closed today, Baidu, Inc. (NASDAQ: BIDU ), the leading Chinese language Internet search provider, announced its unaudited financial results for the first quarter ended March 31, 2011 . Baidu is one of the companies we track in the domain stock index First Quarter 2011 Highlights Total revenues in the first quarter of 2011 were RMB2.436 billion ($372.0 million), an 88.3% increase from the corresponding period in 2010. Operating profit in the first quarter of 2011 was RMB1.195 billion ($182.4 million), a 125.1% increase from the corresponding period in 2010. Net income in the first quarter of 2011 was RMB1.071 billion ($163.5 million), a 122.8% increase from the corresponding period in 2010. Diluted earnings per ADS (2) for the first quart...

Full article: http://www.thedomains.com/2011/04/27/chinas-leading-searc...

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